Indonesia's Exports Hit US$203.6 Bil In 2011

By Ahmad Fuad Yahya JAKARTA, Feb 2 (Bernama) -- Indonesia's export grew by 29.1 per cent to hit US$203.6 billion in 2011, thus exceeding the US$200 billion target set. Indonesia Trade Minister Gita Wirjawan said the figure was a two-fold increase compared to Indonesia's exports five years ago. "This achievement is remarkable for Indonesia is among several countries that managed to increase its export value in five years. "Apart from Indonesia, the other countries were Belgium, Russia, Switzerland, the United States and Brazil," he said here Wednesday. The increase in Indonesia's exports was fuelled by the growth in non-oil and gas export amounted to US$162 billion or by 24.8 per cent while the oil and gas export grew by 48.3 per cent to US$41.6 billion. Indonesia's non-oil and gas export in 2011 was dominated industrial goods with a composition of about 60 per cent while export of non-oil and gas industrial products reached US$122.2 billion, increased by 24.7 per cent from 2010. The mining sector scored the highest export growth by 29.7 per cent from US$26.7 billion in 2010 to US$34.7 billion while the agricultural sector grew by only 3.3 percent from US$5 billion to US$5.2 billion. On the other hand, Indonesia's import rose by 30.7 per cent to US$177.3 billion in 2011 from US$135.61 billion the previous year. -- BERNAMA